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Press Release11 December 2019Siemens AGMunich
Horst J. Kayser to head Portfolio Companies
Horst J. Kayser will be the new head of the Siemens Portfolio Companies. Currently he leads the Strategy department of Siemens AG.
“As Head of the Strategy Department, Horst J. Kayser was instrumental in developing
Vision 2020 and Vision 2020+ and in gearing the Siemens portfolio toward
electrification, automation and digitalization,” said Roland Busch. “Now
he will be applying his expertise and many years of operations experience in order to drive the
further development of the private-equity approach at the Siemens Portfolio
Companies."
Early in his career, Horst J. Kayser had held a variety of management
positions at Siemens from 1995 to 2008. After that, he served as CEO of Kuka and
then as CEO of 3W
Power S.A. before
returning to Siemens as Head of Strategy in 2013. In his future role, Kayser is
to continue the ongoing strategic development of the Portfolio Companies and make
them more profitable. The goal is for all the Portfolio Companies to achieve
leading performance in their respective fields.
Since April 1, 2019, multiple business units at Siemens have been united
under the umbrella of the Portfolio Companies. The six POC units have about 21,500
employees and generated around €5 billion in revenue in fiscal 2019. In
addition, the Portfolio Companies hold an equity stake in Valeo Siemens
eAutomotive and in Primetals Technologies. POC is currently being led by former
Siemens Mobility CEO Jochen Eickholt. On October 28, 2019, Siemens had
announced that Eickholt was moving to Siemens Energy.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet www.siemens.com.
Contact
Florian Martini
Siemens AG
Werner-von-Siemens-Straße 1
80333 Munich
Germany
80333 Munich
Germany
+49 (89) 636 33446